Commercial Real Estate Contract Template

Disclaimer

The content provided serves solely as a general sample for informational purposes within commercial property agreements. It does not constitute legal advice and should not replace consultation with a qualified attorney experienced in real estate transactions. Laws and regulations differ by jurisdiction, and modifications may be necessary to ensure compliance with local requirements. The use of this material is at the user’s own risk, and we disclaim any liability for errors, omissions, or consequences resulting from its application without professional review.

This commercial real estate contract example is provided for illustrative purposes and may differ depending on specific circumstances and applicable regulations. Please adapt details accordingly.

Commercial Real Estate Contract Sample

Parties Involved:

Seller: ABC Commercial Properties LLC
Address: 789 Business Park Drive, Houston, TX 77001

Buyer: XYZ Development Inc.
Address: 456 Industrial Road, Houston, TX 77002

Description of the Property:

The property subject to this agreement is a commercial office building located at 123 Business Plaza, Houston, TX 77003, including all fixtures, equipment, and rights related thereto.

Terms of Sale and Payment:

The transaction shall be completed on __________________, and the purchase price agreed upon is $2,500,000. Payment shall be made via wire transfer or other mutually agreed methods according to the schedule specified herein.

Due Diligence and Earnest Money:

The Buyer shall conduct inspections within __________________ days from the effective date. An earnest money deposit of $100,000 shall be paid upon signing this contract, which will be held in escrow and applied toward the purchase price at closing.

Obligations of the Parties:

The Seller agrees to provide clear title and necessary documentation. The Buyer commits to completing due diligence and securing financing as required. Both parties agree to cooperate to facilitate the transfer of ownership.

Governing Law:

This agreement shall be governed by the laws of the State of Texas. Any disputes shall be resolved in the courts located in Harris County, Texas.

Additional Terms:

• Either party may terminate this agreement with written notice prior to the closing date, subject to conditions specified herein.
• All representations and warranties made by the Seller shall survive until the closing date.
• This contract constitutes the entire agreement between the parties and supersedes all prior understandings.

Houston, ______________________